Germany’s top financial supervisor proposed moving currency and commodities trading to regulated exchanges as concern about the rigging of market benchmarks spurs a backlash by governments.
“It would make it far easier to detect trading patterns that manipulate prices,” Elke Koenig, head of the Bonn-based Bafin banking regulator, said in a phone interview on Jan. 23. The idea is to move such transactions “as much as possible to transparent trading centers under state supervision, as is the case with securities.”..............................................Full Article: Source